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Target Partners invests in doo GmbH

Intelligent document management system for consumers and small businesses

Munich / Bonn, June 15, 2012 – Munich-based venture capital firm Target Partners (www.targetpartners.de) today announced a seven-figure investment in doo GmbH (www.doo.net). doo’s main objective is to make the paperless office a reality by means of a cloud-based platform that organizes documents intelligently. Equipped with apps for the relevant operating systems, doo is geared toward consumers and smaller businesses. The Bonn-based company will use the funding to support its market entry.

Frank Thelen, Marc Sieberger and Alex Koch, managing directors at doo, have set out to “revolutionize the way we use paper every day.” doo automatically identifies and sorts document types, analyzes and structures content, and intelligently creates keywords as well. Users can search documents by keywords, date or document type. The desired document can be found within a matter of seconds. doo enables the documents to be stored in the cloud so that users can access the documents from any location with the help of native apps for Mac, Windows and Android. As a result, documents are available anytime in digital format, saved online and automatically organized at all times. In addition, doo provides a number of important features, including reminders, sharing and collaboration functions, which users need in order to organize and edit documents. The ultimate goal is the paperless office. The first version of doo is being launched with apps for Mac and Windows 8 Metro.

“We’re all organizing our music, photos and movies on our computers and in the cloud already. doo will eliminate the hassle of all the paperwork and confusing file systems. We are pleased to be an investor and lend our support to doo and its founding team,” said Olaf Jacobi, a partner at Target Partners.

Co-founder and COO/CFO Sieburger stated, “We are proud to have Target Partners on board as an investor and partner. We have taken on an enormous task with doo. Together, we will experience both challenging times and difficult decisions – and that’s why we need strong and professional partners on our team.”

About Target Partners:

With €225 million under management, Target Partners is one of the leading early-stage venture capital firms in Germany. Target Partners invests in new start-up and early-stage companies, and supports them with venture capital during their build-out and expansion phases. With many years of experience as managers, entrepreneurs and venture capitalists, the team at Target Partners supports entrepreneurs in developing and marketing products and services, building organizations, raising money, and taking companies public, in Europe and the United States.
For more details: www.targetpartners.de, follow us on Twitter: twitter.com/targetpartners or become a friend on Facebook: facebook.com/targetpartners.

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About doo GmbH:

Doo revolutionizes the way we use documents every day. The cloud-based solution with native apps for the major operating systems enables both consumers and smaller businesses to send and receive digital documents, share them with friends, family or colleagues, as well as edit, organize simply and intelligently, and archive them securely. The native apps and intelligent functions appeal to users and are attracting attention worldwide.
For more information, visit: www.doo.net, follow us on Twitter: @doo or join us on Facebook at: facebook.com/like.doo.